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Politics : Idea Of The Day

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To: Sonki who wrote (18103)	4/23/1998 8:25:00 PM
From: Jerry Olson	Read Replies (2) of 50167

Hi Sonki Been having some fun away from the markets recently...I bought the May 180's for a trade, but wanted to buy leaps...i knew the stock was ready to roll...The Point & Figure charts now shows a clear breakout.. I have sold out of ALL my calls for now...I'm in cash except for puts on AMAT...I'm trading IFMX for a short term pop into eps next week, just for fun...Nancy will tell you about this crazy stock and ME!!<g>.. I feel if the markets breakdown here, we'll have a short term correction...5-7%..if the bonds hit 6%+ it will be even lower... Big chunks of sells happened today, large point losses of profit taking in all sectors except my favorite stock PFE<G>...i will only add to this position more and more and more... I feel the Sept calls on "any" pullback would be the right play...When they report eps in July, and get the full impact of "V" drugs income then they could announce a 3-1 split that could propel the stock to very high levels...The Sept's will benefit greatly... Right now I've turned cautious near term.... BTW i love the internet stocks and they are ALL coming back to buy territory...some of these stocks actually make "some" money<g>....I love LCOS..... Hope you're well, and had a nice day in the Markets...My Regards, Jerry

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